Now that the market has matured enough, it has become easier for dApps to develop DeFi on a multitude of networks
And it's incredible how many long-standing ones are out there
@Neo_Blockchain has been up and running for 10 years without problems, and is still one to watch closely
Pretty interesting model of "Hold $NEO, earn $GAS" rewarding active participation, perfect for DeFi
The biggest protocol on Neo is probably @FlamingoFinance 👇
Flamingo is the one-stop shop for swapping, lending, and LPing on Neo
They also have yield farming and perp trading, with the nice addition of Cross-chain funds moving
They just launched the Orderbook+ 2.0, bringing a 100% decentralized block-based orderbook on the chain
Their $FLOCKS token is designed to provide holders with dividends and profit sharing from the main revenues of the dApp
And they do some nice buybacks and burns on top
There are many interesting farming opportunities you won't find elsewhere
Like 22% APR on $WETH, or 34% on $WBTC or $FUSD
I do understand why the TVL is so low (~$18M) despite having such great numbers
Not many know of Neo, and even after reading this, they won't bridge over
Good news for those who will though:
APRs will stay high 💹
